Universal Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 07, 2024 at 04:18 pm EST
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Universal Corporation reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was USD 821.51 million compared to USD 795.04 million a year ago. Net income was USD 53.22 million compared to USD 41.66 million a year ago. Basic earnings per share from continuing operations was USD 2.14 compared to USD 1.68 a year ago. Diluted earnings per share from continuing operations was USD 2.12 compared to USD 1.67 a year ago.
For the nine months, sales was USD 1,977.71 million compared to USD 1,875.85 million a year ago. Net income was USD 79.28 million compared to USD 70.35 million a year ago. Basic earnings per share from continuing operations was USD 3.19 compared to USD 2.84 a year ago. Diluted earnings per share from continuing operations was USD 3.17 compared to USD 2.82 a year ago.
Universal Corporation is a global leaf tobacco supplier. The Company is a business-to-business Agri-products supplier to consumer product manufacturers, operating in over 30 countries. Through its plant-based ingredients platform, it provides a variety of value-added manufacturing processes to produce specialty vegetable- and fruit-based ingredients as well as botanical extracts and flavorings for human and pet food end markets. It operates through two segments: Tobacco Operations and Ingredients Operations. The Tobacco Operations segment activities involve contracting, procuring, processing, packing, storing, and shipping leaf tobacco for sale to, or for the account of, manufacturers of consumer tobacco products. It also provides physical and chemical product testing and smoke testing for tobacco customers. The Ingredients Operations segment provides its customers with a broad variety of plant-based ingredients for both human and pet consumption.
UNIVERSAL CORPORATION 
